Its syntax is very easy and straightforward:Īssuming we have a set of independent variables ( x) in B2:B13 and dependent variables (y) in C2:C13, our correlation coefficient formula goes as follows: The CORREL function returns the Pearson correlation coefficient for two sets of values. To find correlation coefficient in Excel, leverage the CORREL or PEARSON function and get the result in a fraction of a second. To compute a correlation coefficient by hand, you'd have to use this lengthy formula. How to calculate correlation coefficient in Excel
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